Do all mortgage companies provide you with an approved list of Southampton conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Southampton conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
I need some quick conveyancing in Southampton as I have an ultimatum to exchange contracts in less than 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a home loan you have the choice not to have searches conducted although no conveyancer would suggest that you don't. With lots of history conveyancing in Southampton the following are instances of issues that can be revealed and adversely impact the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I purchased my apartment on 5 July and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Southampton expressed confidence that it will be concluded in less than a month. Are titles in Southampton uniquely lengthy to register?
As far as conveyancing in Southampton registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry communicate with any other persons or bodies. Currently roughly 80% of such applications are completed within 12 days but occasionally there can be protracted delays. Registration occurs after the buyer is living at the property so an expedited registration is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a ground for flat up to £305k and found one round the corner in Southampton I like with a park and transport links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Southampton suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I am downsizing from my house. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Southampton if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Southampton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Can you provide any top tips for leasehold conveyancing in Southampton with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Southampton can be avoided where you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the buyers’ conveyancers. A minority of Southampton leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your solicitors. A purchaser's conveyancer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. The majority of freeholders or Management Companies in Southampton charge for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Southampton.
Southampton Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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What is the name of the managing agents? Most Southampton leasehold flats will be liable to pay a service charge for maintenance of the building set on behalf of the landlord. Where you buy the apartment you will have to pay this liability, normally quarterly throughout the year. This may be anything from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a rentcharge to be met yearly, this is usually not a significant amount, say around £50-£100 but you need to check as on occasion it could be prohibitively expensive.